March 2, 2023, 10:11 pm EST
Machinery, Engine, Tools Makers
During the tough economic time, machinery, engine, and tool makers may be able to survive and prosper. These industrial areas are necessary to exist and difficult to be replaced. Unlike restaurants, fashions, movies, cruises, or entertainment that can be waived when the purse is tight. Or the technology sector that paid high salaries to employees. Industrial stocks seem to perform well.
For example, here are three stocks for each area:
- Machinery: Caterpillar (CAT)
- Engine Maker: Cummins Inc (CMI)
- Tools: WW Grianger Inc (GWW)
Technically, these stocks are relatively strong in this market. However, overall markets are unstable. Thus, leadership is hard to identify. It would be rather to stay cautious rather than active tradings.
